Shibarium Attracting New Users to the SHIB Ecosystem

The Shiba Inu (SHIB) ecosystem continues to attract new users after the Shibarium debut, despite the launch not going as smoothly as planned. In the last 24 hours, the total number of SHIB holders has increased by 1000. Currently, there are 2,418,287 holders, as per the data on CryptEye.

Furthermore, the total number of Shiba Inu (SHIB) wallets has crossed 10 million, as per the data on Puppyscan. Moreover, the layer-2 network has registered 160 million compute units and a deposit of 1000 Ethereum (ETH) and 600,000 ShibaSwap Bone (BONE) tokens.

The increase in users also corresponds to SHIB’s price rallying on the daily charts. Earlier today, the popular dog-themed crypto was the third-best performing crypto among the top 100 projects. However, the rally has since subsided.

Also Read: Shiba Inu Is Currently the 3rd Best Performing Among the Top 100

Additionally, Shibarium has seen a significant increase in BONE staking. Over 7.5 million BONE have been staked on the network. This could be due to more validators going live, as revealed by lead developer Shytoshi Kusama.

Will Shiba Inu see a boost in adoption?

Upon launch, Shiba Inu’s Shibarium saw a massive influx of new users. Users might have been attracted by the low-cost transactions and increased efficiency on the Shibarium mainnet. The increase in users is a positive sign for the project. This means that people are willing to use the network and bring more use cases for the SHIB ecosystem.

Also Read: Shiba Inu: Is the SHIB Army Trying To Revive the Network?

Shiba Inu’s (SHIB) burn tracker, Shibburn, had said that burns alone would not be enough to push SHIB’s price. Burns would need to be coupled with increased demand if the asset’s price is to grow. If the project can continue on this path and keep increasing the number of users, SHIB’s price will follow suit soon after.

At press time, SHIB was trading at $0.00000812, up by 1.9% in the last hour.